3 days ago
- Business
- South Wales Argus
Pontypool property for auction with £80,000 guide price
The property, which also includes a usable loft space, is listed with Sage & Co Auctions for a guide price of £80,000.
Planning permission has already been granted for the conversion of the building into two two-bedroom apartments on the first floor, and a studio apartment on the ground floor.
The agent says the prospect of this development opportunity might appeal to investors and developers.
(Image: Sage and Co via Rightmove) The property could also appeal to those considering a conversion into a House of Multiple Occupancy (HMO), subject to obtaining the necessary planning consents.
The agent has outlined that drawings for this potential conversion into an HMO are available.
They highlighted the property's advantageous location in the heart of Pontypool town centre, with excellent access to local amenities, shops, schools, and transport links.
The estate agent added that various car parks nearby offer convenient parking solutions for both residents and visitors.
The building offers vacant possession and is advised to be Freehold.
(Image: Sage and Co via Rightmove)
It is an investment opportunity with potential for a range of uses, from developing modern apartments to establishing a business hub, or exploring other possibilities.
A buyer's premium will be applicable to all lots sold at auction, charged at 0.01 per cent including VAT of the final sale price (subject to a minimum of £995 including VAT).
The auction is to be held online, unconditionally, on July 2 at 6.05pm.
(Image: Sage and Co via Rightmove)
Pontypool, the location of the property, offers a blend of urban conveniences and countryside charm.
The town is home to Pontypool Park, with walking trails, a peaceful lake, and gardens.
Transport links offer comfortable commuting to major urban centres like Newport and Cardiff.
From high street shops to the historic Pontypool Indoor Market, shopping lovers are well-catered for.
The town also boasts the Blaenavon World Heritage Site in its vicinity.
Pontypool's fame extends to its rugby heritage, with the 'Pontypool front row' being prominent Welsh rugby stars of the 1970s.
It also has a rich industrial heritage, with iron forging history dating back to the Tudor times.
This is symbolised by the 'Pontypool Japan-ware', a lacquered and decorated ironware.
The town offers much to do, from exploring the natural and artificial beauty of Pontypool Park, visiting the dry ski slope and Shell Grotto, to ending the day at Folly Tower with a scenic view of Monmouthshire.
For those interested in local history, Pontypool Museum provides a deep dive into the town's industrial past.
Being on the edge of South Wales coalfields, Pontypool offers a range of outdoor activities from hiking, strolls, pottering around in the market, to soaking up culture and history.
